Infineon Will Spend $1 Billion
To Expand Chip Factory in U.S.

By

Taska Manzaroli Dow Jones Newswires

Updated April 26, 2004 12:01 a.m. ET

Infineon Technologies AG said it will invest $1 billion (&euro;844.8 million) to expand its U.S. plant, the latest in a series of moves by chip makers to adopt technology that reduces manufacturing costs.

Europe's second-largest semiconductor maker after STMicroelectronics NV, Infineon will install equipment to make memory chips on larger 300-millimeter wafers at its factory in Richmond, Virginia. The move will increase the number...